News Headline Summary

US GDP Annualised (Q3 T) Q/Q 3.1% vs. Exp. 2.8% (Prev. 2.7%)

- US Personal Consumption (Q3 T) Q/Q 1.6% vs. Exp. 1.4% (Prev. 1.4%)
- GDP Price Index (Q3 T) Q/Q 2.7% vs. Exp. 2.7% (Prev. 2.7%)
- Core PCE (Q3 T) Q/Q 1.1% vs. Exp. 1.1% (Prev. 1.1%)

Update details:

- The Commerce Department reported increased spending on healthcare services that bolstered consumption.
- More goods exports and fewer service imports, following downward revisions to travel and royalties, and increased spending on structures by state and local governments further added to the higher than expected reading.
- S&L spending went from -0.4% in the second estimate to 0.3% based on this revision.

Reaction details:

- Emini S&P moved from 1429.75 up to 1433.25.
- T-notes moved from 132.07 down to 132.05.

Print 13:30, 20 Dec 2012 - US Data - Source: Newswires